LBA Lecture: Introduction to Banking Laws by Mohammad A. Qayyum ASC 1/3
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- เผยแพร่เมื่อ 11 ก.ย. 2024
- Lecture: Introduction to Banking laws of Pakistan. By Mohammad A. Qayyum, ASC. Part 1.
Financial Institutions (Recovery of Finances) Ordinace 2001 available at pakistancode.go...
Slides available at / 1957773744455505
amazing resource for everyone, and i am extremely grateful to Mr Mohammed qayyuam for starting this series.
Great efforts and great lecturer . Thanks a lot for great lecturer
Ustaad
Excellent effort dear sir
You are love Sire ❤
thanks :)
commendable work👍👍
Thanks
Great sir
Sir the defending was previously employed in a bank , during his service he obtained housing loan from said bank, after then he moved to Europe, where as the debt was pending, now bank has sued him, he is ready to satisfy the debt, but he can't approach the Relevant court as he is outside the country . How can he engage advocate
جناب عالی میں نے ایک آن لائن کمپنی سے لون لیا اپلائی 25 ھزار کیا اپروف 6000 ھوا اور مجھکو جب قرض اکاؤنٹ میں ٹرانسفر کیا تو وہ ایڈوانس میں 1800 روپے کاٹ کر 4200 روپے ادا کئے گئے اور مذکورہ قرض ایک ماہ سے ایک سال کے ایڈ پر میں نے اپلائی کیا تھا لیکن مذکورہ کمپنی نے دیا گیا قرض ایک ھفتہ یعنی سات دن کے اندر واپس کرنے کی شرط رکھ دی اور نا ادا کرنے پر ڈیلی جرمانہ 300 روپے ادا کرنے کا حکم صادر کردیا کیا میں اس کمپنی پر کیس کر سکتا ھوں
Sir most beneficial for me being young lawyer
Thanks
Sir where bank has mentioned Markup over markup beyond period of agreement or some other charges etc in statement of account , what remedy a customer can avail before the case has been sent to court by bank for recovery??
Sir ap mein pata ni aisi konsi khobian hein jab bi ziker hu kisi sa misaal ap hoty hein
Nice man sir Masha Allah bank Mai hamra total amount insured hota hai jitna bhi ho or bank agr default krta hai tu Sara amount state bank de ga customer ko ya koi limit account hota hai jaise India Mai tu 1 lac insurance hota hai Bank default per 1 hi milega baki hai plz btain
Not sure what the question is.
Sir abhi 2 din pehele ek bank band hwa India Mai rbi ki traf se auske customer rul gai sab ke paise phans gai jis ke jitne the sirf 6 month Mai 1000 milainge bank name PMC hai
Kia Pak Mai bhi aesa hi hai bank law ke bank customer ka total amount block kr de or kahe 6 month bad lena
to clarify that Summary Proceeding is defined in Order 37 of CPC not in order 39 CPC
you are right. misspoke.
great
seeking advance salary from bank by customer ,if bank refused then in such case,customer would file suit in civil court or in banking court???
customers don't get salary. the relationship is not of customer and financial institution involving finance, so civil court would have jurisdiction.
Sir if plaintiff bank filed copy of certified bank statements. Will it satisfy s.9[2]
requires certificate according to bankers book evidence act
@@maqsimillion sir in my case certificate is stamped. But it's photocop of that. Not original. Defendant never pointed out regarding it in pla. Now case is in evidence and at the time of documentary evidence when certified copy was to be submitted Defendant objected. CM filed high court need clarification that copy was submitted with the note but not original. It's C.O.S in high court.
Decent.
Dear sir i would like to ask and know which remedies are available to bank against defaulter customers who didn't return the finance...which documents are required and how recovery of loan can be made by bank by applying legal procedure? Please reply me and thank u so much in anticipation.
please take a look at s. 9 of FIO. also s. 15 as amended (subject to stay presently). documents: finance agreement (IB6), pro note, Guarantees, Mortgages, hypothecation, continuation letters, etc.
@@maqsimillion thank you so much sir u r great source of knowledge. ALLAH bless u
Sir
Kia litigation period Ka mark up add hota ha?
Cost of suit and cost of fund kesay calculate krtay Hain?
Re: cost of fund please read s. 3(2) of the Ordinance. Costs is as per the standard suit method I believe. Not sure. Will check.
@@maqsimillion
Sir mein ne suit for declaration and rendition of Account along with permanent injunction Banking court swl mein ztbl k khilf file krnay k liye gia Tu Banking court ne suit lenay se inkar kr dia aur Kaha keh ap civil court jaiye.
Kia customer Banking court mein suit file nhi kr skta?
Plz guide me
@@mushtaqahmed2334 please call on 0300 8456119 to discuss
Award of cost & calculation
According to Black’s Law Dictionary “costs is a pecuniary allowance made to the successful party for his expenses in prosecuting or defending a suit or a distinct proceeding with a suit”
Section 35: Section 35 of the Code of Civil Procedure contains the provision as to costs. 35. Cost.- [(l) Subject to such conditions and limitations, as may be prescribed, and to the provisions of law for the time being in force, the costs of an incident to all suits and other proceedings in the suit including execution proceedings, shall follow the event, and the Court shall have full power to determine by whom or out of which property and to what extent such costs are to be paid, and to give all necessary directions for the purpose aforesaid.
1a. The fact that the Court has no jurisdiction to try the suit shall be no bar to exercising the powers under subsection (1).
35-A. Compensatory costs in respect of false or vexatious claims or defences.- (2) No Court shall make any such order for the payment of an amount exceeding [one hundred thousand] rupees or exceeding the limits of its pecuniary jurisdiction, whichever amount is less.
Provided that the High Court may limit the amount which any Court or class of Courts is empowered to award as costs under this section.
THE COURT FEES ACT, 1870(Act VII of 1870)
Computation of fees payable in certain suits.- The amount of fee payable under this Act in the suits next hereinafter mentioned shall be computed as follows:-
(i) For money.- In suits for money (including suits for damages or compensation, or arrears of maintenance of annuities, or of other sums payable periodically)- according to the amount claimed;
HIGH COURT RULES AND ORDERS Vol. 1 Chapter 11 Part E.
6. Expenses included in costs.-- The Code of Civil Procedure is silent as to what expenses are to be considered, as included in the term “costs.” Such expenses ordinarily fall under the following heads;-
(a) Court-fee stamps on all necessary petitions.
(b) Process-fees.
(c) Expenses of proving and filing copies of necessary documents.
(d) Pleader’s fees.
(e) Charges incurred in procuring the attendance of witnesses, whether such witnesses were summoned through the Court or not.
(f) Expenses of Arbitrators and Commissioners
Pleader’s fees are regulated by the rules contained in chapter 16 of this Volume-“Legal Practitioner.” Note:- Charges incurred on inspection of records ( for one inspection only may be included in costs).
7. Compensatory costs for false or vexatious claims or pleas.-
Under the powers conferred by sub-section (2) of section 35-A, Code of Civil Procedure, 1908, the High Court has directed that the amount, which any Court or class of Courts is empowered to award as costs by way of compensation, shall be limited as follows;-
(a) Court of Civil Judges 3rd Class- Rs. 1000/-
(b) Court of Civil Judge 2nd Class- Rs. 2500/-
(c) Court of Civil Judge First Class shall be guided by the provision of sub-section(2) of section 35-A of the Code.
Thank you so much. ❤
thanks for the appreciation. you can find lectures and slides at www.qayyums.com/Lectures.htm
Can a defendant prefer an application for setting aside ex parte decree who was denied the leave to defend?
how can it be ex parte if he filed a pla ?
Aoa mujhy function of governor of sbp ke chahy plz koi link send kar dain
take a look at s. 10 etc. www.sbp.org.pk/about/act/SBP-Act.pdf
banking law notes plz send me
Thank you sir
welcome
Sir it is great lecture but i think difference in Interest and markup was not up to the mark.
will deal with it more detailed in islamic finance lecture
Great work, especially because you make people understand complicated things in a very easy way. 👏👏
@@adv.alipiracha6211 thanks. that is precisely what the intention is.
8:23
Sir same thing happened with us.
Pesy liay hain to dety kyun nahen ho!
Without trying to know the documentary evidence. 🧾
Great sir